DENVER (KDVR) — It looks as though Edgewater-based, multi-state marijuana producer and seller Green Dragon is leaving the state and closing down entirely.
It’s all part of a complex legal dispute between various business owners and stakeholders in the marijuana industry across the U.S.
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In 2021, Green Dragon merged with Eaze Technologies, Inc., a marijuana delivery business that operates in California and Michigan. However, Eaze was purchased earlier this year by billionaire James Henry Clark, a founder of Netscape, through his company FoundersJT LLC.
Meanwhile, Cory Azzalino, the CEO of Eaze, announced it would fully cease operations by Dec. 31 . Azzalino said the company’s assets were foreclosed on by lenders in August, leading to the company winding down operations. He also cited the ongoing challenges in the California cannabis market as part of the company’s issues…